"I want to thank Wayne Weaver and the coaches and the Jaguars organization for 11 great years," Taylor said, according to the team's website. "I feel healthy and I'm determined to continue my career. I understand the team's decision to move on and I have nothing but warm feelings for the Jaguars organization."

Taylor, 33, has spent his entire 11-year NFL career with the Jaguars and has run for 11,271 yards. He is the 16th-leading rusher in league history. He had seven 1,000-yard seasons in Jacksonville, including a career-best 1,572 yards in 2003. But he ran for only 556 yards this past season.

Taylor was to receive a $1 million roster bonus next month and was to have a salary of $6 million next season if he'd remained with the Jaguars.

According to the Florida Times-Union, the team wanted to move forward with Maurice Jones-Drew at tailback and asked Taylor if he wanted to retire. Taylor indicated he wants to keep playing and offered to accept a pay cut to remain with the club but the Jaguars declined, according to the newspaper.